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Tax receipts fell 17,170 crore short of the goal

Economic Tag: Vat & Tax

The National Board of Revenue (NBR) missed the goal set for the July-January period of the current financial year 2022–2023 by 9.05 percent, or Tk 17,170 crore according to NBR preliminary data. Yet, when compared to the same period in the prior fiscal year 2021–2022, revenue collection increased by 12%.

The revenue board’s income tax division brought in Tk 55,160 crore, the VAT division brought in Tk 61,296 crore vs the target of Tk 69,134 crore, and the customs division brought in Tk 55,948 crore. Over the previous five years, the growth in revenue collection was 12.12% on average. The total amount of income collected in January fell 2.30 percent from the previous year to Tk 24,909 crore.

 

 

 

Source for more details:

New Age BD

 

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